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This week in Santa Cruz County business: Joby lawsuit against Archer Aviation moves to federal court; residents sound off on Catalyst demolition
Jessica M. Pasko's weekly look at local business includes an update on Joby Aviation's suit alleging corporate espionage by a competitor and recaps a contentious meeting on the fate of a downtown Santa Cruz landmark.
Air taxi vertiport coming to downtown LA sports complex
Archer Aviation, the official air taxi provider for the 2028 Olympic Games in Southern California, adds the venue to its network of flight facilities in the region.
Archer Aviation Exec Says Boeing Deal Will ‘Significantly Change the Profile’ as $200 Million Insitu Business Joins Portfolio
Archer Aviation Inc.‘s (NYSE:ACHR) deal with Boeing Co. (NYSE:BA) could significantly reshape the electric vertical take-off and landing (eVTOL) company. Insitu’s $200 Million Revenue Business During the company’s second-quarter earnings call on Monday, Archer’s Chief Financial Officer Priya Gupta hailed the company’s acquisition of unmanned aircraft systems manufacturer Insitu, as well as autonomous eVTOL maker Wisk Aero and SkyGrid in an all-stock deal. Read Also: Rocket Lab USA, Hims & Hers,
Archer Aviation plans downtown Los Angeles vertiport at L.A. LIVE entertainment district
Archer Aviation and AEG have announced plans to develop a vertiport at L.A. LIVE, AEG's sports and entertainment district in downtown Los Angeles adjacent to Crypto.com Arena, with Archer as the distr
Boeing to Sell 3 Autonomous Flight Subsidiaries
In exchange for the sale to Archer Aviation, which is developing a piloted electric aircraft, Boeing will receive a 16.5 percent stake in Archer.
Archer Aviation Just Bought a $200 Million Defense Business From Boeing -- by Giving Up 20% of the Company
Archer Aviation just made its boldest move yet, snapping up three Boeing businesses.